# QMatter

**Source:** https://www.startuphub.ai/startups/qmatter
**Profile type:** Startup

> Quantum compression technology for complex simulations, extending hardware capabilities.

## About

QMatter is a quantum technology startup developing a novel quantum compression technology. This technology aims to reduce the size of complex computational problems before they are processed by either quantum or classical systems, thereby extending the capabilities of existing and next-generation hardware and improving performance.

## Key facts

- **Slug:** qmatter
- **Website:** https://www.qmatter.com/
- **Location:** Palo Alto, United States
- **Founded:** 2022-01-01
- **Operating status:** Active
- **Total funding:** $16M
- **Sectors / tags:** Quantum Computing, Artificial Intelligence, Life Sciences, Materials Science, Drug Discovery, Quantum Compression, Computational Science, Simulation, High-Performance Computing, AI Infrastructure, Enterprise Software

## Frequently asked

### What does QMatter do?

QMatter is a quantum technology startup developing a novel quantum compression technology. This technology aims to reduce the size of complex computational problems before they are processed by either quantum or classical systems, thereby extending the capabilities of existing and next-generation hardware and improving performance.

### What is QMatter's revenue?

StartupHub estimates QMatter's annual revenue at $1.1M (range $688K to $6.6M, 29% confidence), based on comparable companies in the sector.

### What is QMatter's valuation?

StartupHub estimates QMatter's effective valuation at $59.4M (range $40.5M to $97.2M, 22% confidence), based on comparable companies in the sector.

### How much funding has QMatter raised?

QMatter has raised a total of $16M in funding. The most recent round on record is Pre-Seed.

### Where is QMatter headquartered?

QMatter is headquartered in Palo Alto, United States.

### When was QMatter founded?

QMatter was founded in 2022.

### What industry does QMatter operate in?

QMatter operates in Quantum Computing, Artificial Intelligence, Life Sciences, Materials Science, Drug Discovery, Quantum Compression.

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